£497,737
This estimated value is based upon the latest sale price for the house of £399,950 on 8 Jan 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £399,950 | 8 Jan 2019 |
| £315,000 | 16 Jul 2010 |
| Detached |
| Freehold |
| Floor Area: 158 sq meters or 1,700 sq feet |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in January 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.450%.Applying this 24.450% change to the original purchase price of £399,950 results in an estimated price of approximately £497,737.
| 8 Jan 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.450 % | £399,950 | £97,787 | £497,737 |
The Postcode Pricing Model uses changes in average sales price within the SR3 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 24.944 % | £99,762 | £499,712 |
| 3 Month Average | 11.438 % | £45,746 | £445,696 |
| 6 Month Average | -1.736 % | £-6,941 | £393,008 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £151,314 | £150,000 | 13 HOLME GARDENS |
| 6 Mar 2024 | £355,461 | £350,000 | 2 BAINBRIDGE HOLME CLOSE |
| 27 Jun 2023 | £204,090 | £200,000 | 12A AUDLEY GARDENS |
| 26 Oct 2022 | £270,098 | £271,000 | 26 NEWLANDS AVENUE |
| 10 Jun 2022 | £262,614 | £257,000 | 164 QUEEN ALEXANDRA ROAD |
This house has a floor area of 158 sq meters or 1,700 sq feet when measured on 9 Aug 2018. Using an estimated price of £497,738 means this house is valued at £3,150 per sq meter (£292 per sq foot).
The average size of a house on QUEEN ALEXANDRA ROAD is 138 sq meters (1,485 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Under investigation | On or near Audley Gardens |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Audley Gardens |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Alexandra Park |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Alexandra Park |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Alexandra Park |